Internal Audit Group Charter

Size: px
Start display at page:

Download "Internal Audit Group Charter"

Transcription

1 Global Policy Internal Audit Group Charter Approving Function Board of Directors Date <9th June 2016> Proponent Function Internal Audit Release < 3.0> [UniCredit Group- Public]

2 REGISTRY Owner Group Audit Methodologies Development Contacts Clarifications on the document contents Operational assistance Marco Dopinto Group Audit Methodologies Development Tel Caterina Vasciaveo Group Audit Methodologies Development Tel Competent functions certification Group Compliance Rules Coordination Organizational Governance and Rules Legal Entities involved in the sharing process UniCredit Bank AG, UniCredit Bank Austria AG, Bank Pekao, Pioneer Global Asset Management S.p.A.. Recipient Legal Entities Applicable to UniCredit S.p.A. Applicable to UniCredit S.p.A. Foreign Branches Bank Pekao SA Cordusio Società Fiduciaria per Azioni Cordusio SIM - Advisory & Family Office S.p.A. Dom Inwestycyjny Xelion Sp.z.oo. Fineco Bank S.p.A. I-Faber S.p.A. Pioneer Global Asset Management S.p.A. UniCredit Bank AG UniCredit Bank Austria AG UniCredit Bank Ireland Plc UniCredit Business Integrated Solutions S.C.p.A. UniCredit Factoring S.p.A. UniCredit International Bank (Luxembourg) SA UniCredit Leasing S.p.A. UniCredit Subito Casa S.p.A. Yes Shanghai 1

3 Main changes compared to previous version Previous Version Previous Version date Reason/Summary of main changes Change type 1 GRIM/ GRETEL: 2013_083 Internal Regulation: 538/2 Revision 2 17/10/2013 Changes of International Standards, issuance of regulatory guidelines and best practices Perimeter of Consulting services Changes of International Standards Issuance of regulatory guidelines Changes of International Standards Revision of Mission (2.1) and Scope (2.2) Revision of Consulting services (2.2.2) Revision of Standards of Audit Practices (2.3) Revision of Outsourcing of Internal Audit Activities (2.7) Revision of Quality Assurance (2.8) Linked Group regulation Title GRIM/GRETEL Number (for Global Rules only)/ Internal Regulation Number Brief link explanation Internal Audit Group Standards OdS 127 Grim/Gretel 2012_010 Adherence to International Professional Practice Framework Internal Audit Group Policy OdS 128 Grim/Gretel 2013_009 Role of Internal Audit function Management of critical audit findings OdS 473 Grim/Gretel 2011_006 Role of Internal Audit function Navigator for recipient Entities/Foreign Branches Sections concerning UniCredit S.p.A. Sections concerning recipient Entities 2 Sections concerning UniCredit S.p.A. Foreign Branches Entire document Entire document Entire document 1 Revision: recipient Entities approval not necessary. First release / Replacement: recipient Entities approval necessary 2 Only the paragraphs/sections listed here must be submitted for approval, adopted and implemented by the recipient Entities or subject to calibration requests 2

4 Table of contents REGISTRY INTRODUCTION Purpose and content summary Reference external regulation framework Glossary and Acronyms INTERNAL AUDIT GROUP CHARTER MISSION SCOPE Assurance Consulting services STANDARDS OF AUDIT PRACTICE INDEPENDENCE RESPONSIBILITY AUTHORITY OUTSOURCING OF INTERNAL AUDIT ACTIVITIES QUALITY ASSURANCE APPROVAL AND REVIEW...9 3

5 1 INTRODUCTION 1.1 Purpose and content summary The Internal Audit Group Charter has the aim to define principles and rules for definition of Internal Audit s mission, scope, independence, responsibility and authority within UniCredit Group. This document replaces the previous version of the Group Audit Charter (October 2013) once approved at local level. 1.2 Reference external regulation framework International Professional Practices Framework (The Institute of Internal Auditors, July 2015); Implementation Guidance (The Institute of Internal Auditors, July 2015) Code of Ethics (The Institute of Internal Auditors); Outsourcing in Financial Services (Bank for International Settlements, February 2005); Internal Audit function in banks (Bank for International Settlements, June 2012); Corporate governance principles for banks (Bank for International Settlements, July 2015). 1.3 Glossary and Acronyms Key word Holding Company Group Legal Entity Group Acronym N/A Definition UniCredit S.p.A. (hereafter also UniCredit ) Legal Entity directly or indirectly controlled by UniCredit S.p.A. (hereafter also Legal Entity, Entity, Company or Subsidiary ) UniCredit Group, composed of UniCredit S.p.A. and of the Group Legal Entities (hereafter also Unicredit Group ) Definition N/A 4

6 2 INTERNAL AUDIT GROUP CHARTER 2.1 MISSION Internal Audit is an independent function established by the Board 3 of the Company and it is an integral part of the Internal Control System, performing third level controls 4. It carries out an independent, objective assurance and consulting activity in order to evaluate, add value and improve the Internal Control System of the Company. It helps the Company achieve its objectives by bringing a systematic, disciplined approach to evaluate and improve the adequacy of the Company s operations through the evaluation and improvement of the effectiveness of risk management, controls and governance processes. Internal Audit enhances and protects the Company s value by providing risk-based, objective and insightful 5 assurance and consulting to the Board, Audit Committee and Senior Management. 2.2 SCOPE Assurance The assurance activity, via a systematic and disciplined approach, is an objective examination of evidence for the purpose of providing an independent assessment on governance, risk management 6 and control processes of the Company. Assurance aims at assessing the adequacy of the Internal Control System of the Company, also through the evaluation of the completeness and correctness of the design and the functioning of key controls. Nature and scope of assurance services are determined based on Internal Audit risk assessment that drives the audit planning as well as audit fieldwork. The scope of work of the Internal Audit is to determine whether the Company s risk management, control and governance processes, as designed and implemented by Management, are adequate and functioning properly, in particular, among others, with reference to the following matters: identification, assessment, management and control of risks; adequacy and functioning of the risk appetite framework; design and operating effectiveness of the internal governance structures and processes of the Company; accuracy, reliability and timely availability of significant financial, managerial and regulatory information; adequacy and effectiveness of the Risk Management and Compliance functions; employees actions in compliance with policies, standards, procedures and applicable laws and regulations; behaviors in line with Company s integrity policies and values contributing to prevent conduct and/or reputational risks; 3 Board shall be intended as the Board of Directors in Traditional Model and I Tier Model or the Supervisory Board/Management Board in II Tier Model, according to the local regulation. 4 The Internal Control System is organized on three levels: line controls (first-level controls); risk management and compliance controls (second level controls) and internal audit controls (third level controls). 5 Entailing knowledge of the Company aimed at fostering added value. 6 Risk management is intended as the process of identifying, assessing, managing and controlling potential events or situations to provide reasonable assurance regarding the achievement of the Company s objectives. 5

7 achievement of intended results related to the implementation of policies and to the roll out of Company 's processes in alignment with the objectives and risk appetite framework of the Company; economic acquisition of resources and related efficient employment and adequate protection; quality and continuous improvement in the Company s control processes; recognition and proper management of significant legislative or regulatory issues impacting the Company Consulting services In accordance with the mission, consulting services of Internal Audit add value to the Company by providing advice on the design, operation and improvement of the Internal Control System. Consulting services are performed in an independent and objective way, without assuming managerial responsibility. Consulting services can be provided by Internal Audit in two ways: Consulting activities (e.g. participation in major projects, provision of advice on new processes, policies, procedures and new products); Consulting engagements. When defining a consulting engagement Internal Audit and the counterpart should share the objectives, scope and respective responsibilities. Consulting engagements are formalized and documented and when accepted must be also included in the audit plan and the agreed recommendations tracked and monitored. 2.3 STANDARDS OF AUDIT PRACTICE Internal Audit adheres to the following elements of the International Professional Practices Framework 7, issued by The Institute of Internal Auditors: Definition of Internal Audit; Core Principles for the Professional Practice of Internal Auditing; Code of Ethics; International Standards. 2.4 INDEPENDENCE The Internal Audit activity is independent and Internal Auditors are objective in performing their work. The Head of Internal Audit of the Company must report to an adequate level within the Company that allows the Internal Audit Function to fulfill its responsibilities. To achieve the degree of independence necessary to carry out effectively the responsibilities of the internal audit activity, the Head of Internal Audit is directly subordinated to the Board. Consequently, the Board is involved in: approving the Audit Charter; 7 Applicable as of the date of publication of this document. 6

8 appointment and removal of the Head of Internal Audit; approving the risk based internal audit plan; approving the internal audit budget and resource plan; receiving communications from the Head of Internal Audit of the Company on the internal audit activity s performance related to its plan and other matters; approving the remuneration of the Head of Internal Audit; ensuring the Internal Audit function has sufficient and adequate resources to fulfil its remit. According to the local Governance framework, the Audit Committee, if present, should be involved in the processes of the above-mentioned activities, as well as of the other duties included in this document. Internal Audit determines the risk based audit plan in consultation with the Senior Management and submits it to the Board (or the Audit Committee) for discussion and approval. Additionally, in order to foster the independence of Internal Audit, the structure of its compensation policy must not expose Internal Audit to any conflict of interest and must be in accordance with the recommendations of the related Supervisory Authorities. Internal Auditors must have an impartial, unbiased attitude and avoid any conflict of interest. Independence is ensured by a functional segregation of Internal Audit resources from any other function of the Company. If independence is impaired, the Head of Internal Audit must report to the Board the details of the impairment. The Head of Internal Audit of the Company must confirm to the Board, at least annually, the organizational independence of the internal audit activity. 2.5 RESPONSIBILITY Internal Audit is responsible for: the development and execution of a flexible annual audit plan using an appropriate forwardlooking risk-based methodology, taking into account trends and emerging risks, any significant organizational changes and significant services, processes, operations and any risks or control concerns, special tasks or projects identified by Senior Management, Audit Committee and by the Board. the issuance of periodic reports to the Board, or via the Audit Committee, and to the Senior Management summarizing the results of audit activities and the status of implementation of Management action plans; the performance of special investigations, also on its own initiative, on potential frauds, on the occurrence of frauds and on other risk events within the Company, reporting the results to the Senior Management and to the Board, or via the Audit Committee; the maintenance of a professional audit staff with sufficient knowledge, skills, experience and professional certifications to meet the requirements of this Charter; the reporting to the Board of elements aimed at evaluating the Internal Audit performance including emerging trends and successful practices in internal auditing; an adequate Audit coverage at a reasonable overall cost, taking into consideration the scope of work of the External Auditors and Regulators; a fair and transparent communication with Regulators with reference to audit activities; 7

9 establishing a quality assurance and improvement program by which the Internal Audit assesses operations of internal audit activities and promotes professional development. Internal Audit shall also be committed in coordination with other control functions in order to ensure an adequate approach to risk and control management at Group level and a systematic evaluation process of the Internal Control System; nevertheless such commitment and coordination must not jeopardize Internal Audit s independence. 2.6 AUTHORITY Internal Audit is authorized to: have unrestricted access to all Company s functions, records, minutes of all consultative and decision making bodies, property and personnel of the Company. In case activities are outsourced to third parties, Internal Audit must be authorized to have access to such activities; have direct and unrestricted access to the Board, also via the Audit Committee, to the Board of Statutory Auditors, if present, and Senior Management; allocate resources, select subjects, set timing frequencies, determine scope of work and apply the techniques required to accomplish audit objectives; disclose engagement records and communicate audit results to the appropriate parties, not providing information without the necessary authority unless there is a legal or professional obligation to do so; obtain the necessary assistance of personnel of the Company where they perform audits as well as other specialized services within or outside the Company. Internal Audit has to be informed of all Management s directives and resolutions that could be relevant to its activities. It has to be informed of any material changes to the risk management, controls and governance processes in a timely manner. Furthermore an obligation to inform Internal Audit does exist, if from a risk point of view, serious deficiencies have been identified by the departments, noteworthy losses have occurred or there is any possibility of preliminary concern. Internal Audit is not allowed to: perform operational duties for any Company of the Group; direct the activities of any Company s employee not employed in Internal Audit, except to the extent such employees have been either assigned to auditing teams or assist the Internal Auditors; initiate or authorize transactions not relating to the activities of Internal Audit. 2.7 OUTSOURCING OF INTERNAL AUDIT ACTIVITIES The Board subject to the limitations coming from external regulations must approve the outsourcing of the Internal Audit function. The Head of Internal Audit can approve the outsourcing of Internal Audit activities, but not of the Function, on a limited and targeted basis, when there is a need of a specialized expertise and knowledge 8. The Company should be able to explain the reasons for outsourcing either the Internal Audit function or audit activities. 8 It is not considered outsourcing the performance of audit activities carried out by the Holding Company, or the controlling Legal Entity, across the Group, acting in its role of supervision, steering and coordination. 8

10 2.8 QUALITY ASSURANCE In order to promote assurance of internal audit activities and support professional development, UniCredit Group employs an Audit Quality and Improvement Model which addresses the entire spectrum of audit activities including, among others, assurance and consulting services. The model is articulated in different activities 9 and it is aimed at evaluating the adherence to the Group Audit regulations in compliance with International Standards. 2.9 APPROVAL AND REVIEW The Head of Internal Audit shall periodically: assess whether the Internal Audit Group Charter needs to be updated, in order to enable the activities aimed at accomplishing its objectives, and present the related results to the Board for its approval; when any update is proposed by a Group Legal Entity, such proposal shall be supported by a request of non-binding opinion submitted to the Holding Company (through the directly controlling Entity, if any) before the related approval. 9 Ongoing Engagement Quality Assurance, Annual Self-Assessment and Quality Assessment Review compose the model. Other activities comprise Customer Satisfaction Survey, KPIs etc. 9

Effective Internal Audit in the Financial Services Sector

Effective Internal Audit in the Financial Services Sector Effective Internal Audit in the Financial Services Sector Recommendations from the Committee on Internal Audit Guidance for Financial Services: How They Relate to the Global Institute of Internal Auditors

More information

INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS)

INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS) INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS) Revised: October 2012 i Table of contents Attribute Standards... 3 1000 Purpose, Authority, and Responsibility...

More information

INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS)

INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS) INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS) Introduction to the International Standards Internal auditing is conducted in diverse legal and cultural environments;

More information

Internal Audit Charters

Internal Audit Charters Internal Audit Charters Part of a series of notes to help Centers review their own internal management processes from the point of view of managing risks and promoting good governance and value for money,

More information

Internal Audit Standards

Internal Audit Standards Internal Audit Standards Department of Public Expenditure & Reform November 2012 Copyright in material supplied by third parties remains with the authors. This includes: - the Definition of Internal Auditing

More information

INTERNAL AUDIT CHARTER AND TERMS OF REFERENCE

INTERNAL AUDIT CHARTER AND TERMS OF REFERENCE INTERNAL AUDIT CHARTER AND TERMS OF REFERENCE CHARTERED INSTITUTE OF INTERNAL AUDIT DEFINITION OF INTERNAL AUDIT Internal auditing is an independent, objective assurance and consulting activity designed

More information

Internal Audit Terms of Reference

Internal Audit Terms of Reference Internal Audit Terms of Reference Introduction 1. The Internal Audit Terms of Reference (ToR) describes the framework within which the Internal Audit Service is delivered. It is intended to act as a guide

More information

1. This bulletin, which contains the Charter of the Office of Internal Oversight Services (IOS) of

1. This bulletin, which contains the Charter of the Office of Internal Oversight Services (IOS) of UNIDO/DGB/(M).92/Rev.3 28 January 2015 Distribution: All staff members at headquarters, established offices and permanent missions 1. This bulletin, which contains the Charter of the Office of Internal

More information

Positioning the internal audit function within the Solvency II framework Key challenges. Ludovic Bardon Senior Manager Audit Deloitte Luxembourg

Positioning the internal audit function within the Solvency II framework Key challenges. Ludovic Bardon Senior Manager Audit Deloitte Luxembourg Positioning the internal audit function within the Solvency II framework Key challenges Jérôme Sosnowski Director Governance, Risk & Compliance Deloitte Luxembourg Ludovic Bardon Senior Manager Audit Deloitte

More information

INTERNAL AUDITING S ROLE IN SECTIONS 302 AND 404

INTERNAL AUDITING S ROLE IN SECTIONS 302 AND 404 INTERNAL AUDITING S ROLE IN SECTIONS 302 AND 404 OF THE U.S. SARBANES-OXLEY ACT OF 2002 May 26, 2004 Copyright 2004 by, 247 Maitland Avenue, Altamonte Springs, Florida, 32701-4201, USA Internal Auditing

More information

Standards for the Professional Practice of Internal Auditing

Standards for the Professional Practice of Internal Auditing Standards for the Professional Practice of Internal Auditing THE INSTITUTE OF INTERNAL AUDITORS 247 Maitland Avenue Altamonte Springs, Florida 32701-4201 Copyright c 2001 by The Institute of Internal Auditors,

More information

Audit, Risk Management and Compliance Committee Charter

Audit, Risk Management and Compliance Committee Charter Audit, Risk Management and Compliance Committee Charter Woolworths Limited Adopted by the Board on 27 August 2013 page 1 1 Introduction This Charter sets out the responsibilities, structure and composition

More information

Internal Auditing Guidelines

Internal Auditing Guidelines Internal Auditing Guidelines Recommendations on Internal Auditing for Lottery Operators Issued by the WLA Security and Risk Management Committee V1.0, March 2007 The WLA Internal Auditing Guidelines may

More information

SECTION B DEFINITION, PURPOSE, INDEPENDENCE AND NATURE OF WORK OF INTERNAL AUDIT

SECTION B DEFINITION, PURPOSE, INDEPENDENCE AND NATURE OF WORK OF INTERNAL AUDIT SECTION B DEFINITION, PURPOSE, INDEPENDENCE AND NATURE OF WORK OF INTERNAL AUDIT Through CGIAR Financial Guideline No 3 Auditing Guidelines Manual the CGIAR has adopted the IIA Definition of internal auditing

More information

Internal Audit Quality Assessment. Presented To: World Intellectual Property Organization

Internal Audit Quality Assessment. Presented To: World Intellectual Property Organization Internal Audit Quality Assessment Presented To: World Intellectual Property Organization April 2014 Table of Contents List of Acronyms 3 Page Executive Summary Opinion as to Conformance to the Standards,

More information

Statement of Guidance

Statement of Guidance Statement of Guidance Internal Audit Unrestricted Trust Companies 1. Statement of Objectives 1.1. To provide specific guidance on Internal Audit Functions as called for in section 3.6 of the Statement

More information

Internal Audit Charter

Internal Audit Charter February 2015 Contacts For general enquiries, please contact: Daryn Wedd General Manager Internal Audit T 9227 0978 E daryn.wedd@asx.com.au Media enquiries, please contact: Ms Kristen Kaus Media and Communications

More information

MISSION VALUES. The guide has been printed by:

MISSION VALUES. The guide has been printed by: www.cudgc.sk.ca MISSION We instill public confidence in Saskatchewan credit unions by guaranteeing deposits. As the primary prudential and solvency regulator, we promote responsible governance by credit

More information

PRACTICE ADVISORIES FOR INTERNAL AUDIT

PRACTICE ADVISORIES FOR INTERNAL AUDIT Société Française de Réalisation, d'etudes et de Conseil Economics and Public Management Department PRACTICE ADVISORIES FOR INTERNAL AUDIT Tehnical Assistance to the Ministry of Finance for Development

More information

B o a r d of Governors of the Federal Reserve System. Supplemental Policy Statement on the. Internal Audit Function and Its Outsourcing

B o a r d of Governors of the Federal Reserve System. Supplemental Policy Statement on the. Internal Audit Function and Its Outsourcing B o a r d of Governors of the Federal Reserve System Supplemental Policy Statement on the Internal Audit Function and Its Outsourcing January 23, 2013 P U R P O S E This policy statement is being issued

More information

Advisory Guidelines of the Financial Supervisory Authority. Requirements regarding the arrangement of operational risk management

Advisory Guidelines of the Financial Supervisory Authority. Requirements regarding the arrangement of operational risk management Advisory Guidelines of the Financial Supervisory Authority Requirements regarding the arrangement of operational risk management These Advisory Guidelines have established by resolution no. 63 of the Management

More information

Agenda Item: 7.6 Prepared by: Mark Majek, Kathy Thomas, Deborah Bell, Tamara Cowen and Jaye Stepp Meeting Date: October 2014

Agenda Item: 7.6 Prepared by: Mark Majek, Kathy Thomas, Deborah Bell, Tamara Cowen and Jaye Stepp Meeting Date: October 2014 Agenda Item: 7.6 Prepared by: Mark Majek, Kathy Thomas, Deborah Bell, Tamara Cowen and Jaye Stepp Meeting Date: October 2014 Summary of Request: The purpose, authority, and responsibility of the internal

More information

ALLEGIANT TRAVEL COMPANY AUDIT COMMITTEE CHARTER

ALLEGIANT TRAVEL COMPANY AUDIT COMMITTEE CHARTER I. PURPOSE ALLEGIANT TRAVEL COMPANY AUDIT COMMITTEE CHARTER (As Revised January 28, 2013) The Audit Committee shall provide assistance to the Company's Board of Directors (the "Board") in fulfilling the

More information

A Guide to Corporate Governance for QFC Authorised Firms

A Guide to Corporate Governance for QFC Authorised Firms A Guide to Corporate Governance for QFC Authorised Firms January 2012 Disclaimer The goal of the Qatar Financial Centre Regulatory Authority ( Regulatory Authority ) in producing this document is to provide

More information

BOARD OF EDUCATION OF BALTIMORE COUNTY OFFICE OF INTERNAL AUDIT - OPERATIONS MANUAL INTERNAL AUDIT OPERATIONS MANUAL

BOARD OF EDUCATION OF BALTIMORE COUNTY OFFICE OF INTERNAL AUDIT - OPERATIONS MANUAL INTERNAL AUDIT OPERATIONS MANUAL BOARD OF EDUCATION OF BALTIMORE COUNTY INTERNAL AUDIT OPERATIONS MANUAL BACKGROUND The Office of Internal Audit Operations Manual was developed to be used as a guide and resource for the Office of Internal

More information

Public Sector Internal Audit Standards. Applying the IIA International Standards to the UK Public Sector

Public Sector Internal Audit Standards. Applying the IIA International Standards to the UK Public Sector Public Sector Internal Audit Standards Applying the IIA International Standards to the UK Public Sector Issued by the Relevant Internal Audit Standard Setters: In collaboration with: Public Sector Internal

More information

Public Sector Internal Audit Standards

Public Sector Internal Audit Standards Public Sector Internal Audit Standards Table of Contents Section 1 Introduction 3 Section 2 Applicability 6 Section 3 Definition of Internal Auditing 8 Section 4 Code of Ethics 9 Section 5 Standards 12

More information

Practice guide. quality assurance and IMProVeMeNt PrograM

Practice guide. quality assurance and IMProVeMeNt PrograM Practice guide quality assurance and IMProVeMeNt PrograM MarCh 2012 Table of Contents Executive Summary... 1 Introduction... 2 What is Quality?... 2 Quality in Internal Audit... 2 Conformance or Compliance?...

More information

SBERBANK OF RUSSIA. Regulations on Sberbank Supervisory Board Committees

SBERBANK OF RUSSIA. Regulations on Sberbank Supervisory Board Committees SBERBANK OF RUSSIA APPROVED by Sberbank s Supervisory Board Minutes No 51, dated November 14, 2014 Regulations on Sberbank Supervisory Board Committees Moscow, 2014 Table of contents 1. General... 3 2.

More information

What Every Director. How to get the most from your internal audit. Endorsed by

What Every Director. How to get the most from your internal audit. Endorsed by What Every Director Should Know How to get the most from your internal audit Endorsed by Foreword This is the second edition of our flagship governance guide What every director should know. Since we published

More information

THE ULTIMATE SOFTWARE GROUP, INC. AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AMENDED AND RESTATED CHARTER

THE ULTIMATE SOFTWARE GROUP, INC. AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AMENDED AND RESTATED CHARTER Adopted February 4, 2013 THE ULTIMATE SOFTWARE GROUP, INC. AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AMENDED AND RESTATED CHARTER I. PURPOSE: The primary function of the Audit Committee (the Committee

More information

GUIDELINES ON RISK MANAGEMENT AND INTERNAL CONTROLS FOR INSURANCE AND REINSURANCE COMPANIES

GUIDELINES ON RISK MANAGEMENT AND INTERNAL CONTROLS FOR INSURANCE AND REINSURANCE COMPANIES 20 th February, 2013 To Insurance Companies Reinsurance Companies GUIDELINES ON RISK MANAGEMENT AND INTERNAL CONTROLS FOR INSURANCE AND REINSURANCE COMPANIES These guidelines on Risk Management and Internal

More information

Public Sector Internal Audit Standards. Applying the IIA International Standards to the UK Public Sector

Public Sector Internal Audit Standards. Applying the IIA International Standards to the UK Public Sector Public Sector Internal Audit Standards Applying the IIA International Standards to the UK Public Sector Issued by the Relevant Internal Audit Standard Setters: In collaboration with: Public Sector Internal

More information

CORPORATE GOVERNANCE GUIDELINES

CORPORATE GOVERNANCE GUIDELINES CORPORATE GOVERNANCE GUIDELINES INTRODUCTION These Corporate Governance Guidelines provide a framework of authority and accountability to enable the Board of Directors and management to make timely and

More information

Chapter 5 Responsibilities of the Board of Directors Structure of the Board

Chapter 5 Responsibilities of the Board of Directors Structure of the Board Chapter 5 Responsibilities of the Board of Directors The Board of Directors is responsible for overseeing the work of the management to ensure compliance with policies, plans and budgets, as well as its

More information

TÜRKİYE FİNANS KATILIM BANKASI A.Ş.

TÜRKİYE FİNANS KATILIM BANKASI A.Ş. TÜRKİYE FİNANS KATILIM BANKASI A.Ş. CORPORATE GOVERNANCE PRINCIPLES POLICY TABLE OF CONTENTS 1 OBJECTIVE AND SCOPE... 3 2 REFERENCE AND PRINCIPLES... 3 3 CHAPTERS OF CORPORATE GOVERNANCE... 4 CHAPTER I

More information

EUROPEAN CONFEDERATION OF INSTITUTES OF INTERNAL AUDITING (IVZW)

EUROPEAN CONFEDERATION OF INSTITUTES OF INTERNAL AUDITING (IVZW) EUROPEAN CONFEDERATION OF INSTITUTES OF INTERNAL AUDITING (IVZW) Phil Tarling PRESIDENT Carolyn Dittmeier VICE PRESIDENT Head Office: c/o IIA Belgium Koningstraat 109-111, bus 5 - B-1000 Brussels (Belgium)

More information

APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES

APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES Ethical Leadership and Corporate Citizenship The board should provide effective leadership based on ethical foundation. that the company

More information

APPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2014

APPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2014 WOOLWORTHS HOLDINGS LIMITED CORPORATE GOVERNANCE PRINCIPLES 2014 CORPORATE GOVERNANCE PRINCIPLES 2014 CORPORATE GOVERNANCE PRINCIPLES 2014 This table is a useful reference to each of the King III principles

More information

DNV GL Assessment Checklist ISO 9001:2015

DNV GL Assessment Checklist ISO 9001:2015 DNV GL Assessment Checklist ISO 9001:2015 Rev 0 - December 2015 4 Context of the Organization No. Question Proc. Ref. Comments 4.1 Understanding the Organization and its context 1 Has the organization

More information

Guidance for audit committees. The internal audit function

Guidance for audit committees. The internal audit function Guidance for audit committees The internal audit function March 2004 The Combined Code on Corporate Governance July 2003 C.3 Audit Committee and Auditors Main Principle: The board should establish formal

More information

The Framework for Quality Assurance

The Framework for Quality Assurance Chapter 1 The Framework for Quality Assurance O v e rv i e w One of internal audit s major assets is its credibility with stakeholders. To provide credible assistance and constructive challenge to management,

More information

Texas Workforce Commission

Texas Workforce Commission Fiscal Year 2016 Audit Plan Approved by Commission September 28, 2015 Fiscal Year 2016 Audit Plan 1 Table of Contents Overview... 3 The Role of Internal Audit... 3 Professional and Statutory Requirements...

More information

INTERNAL AUDIT MANUAL

INTERNAL AUDIT MANUAL དང ལ ར ས ལ ན ཁག Internal Audit Manual INTERNAL AUDIT MANUAL Royal Government of Bhutan 2014 i i ii ii Internal Audit Manual དང ལ ར ས ལ ན ཁག ROYAL GOVERNMNET OF BHUTAN MINISTRY OF FINANCE TASHICHHO DZONG

More information

INTERNAL AUDITING POLICIES AND PROCEDURES MANUAL

INTERNAL AUDITING POLICIES AND PROCEDURES MANUAL INTERNAL AUDITING POLICIES AND PROCEDURES MANUAL 2 TABLE OF CONTENTS Contents A. INTERNAL AUDIT OVERVIEW... 5 A.1 RATIONALE... 5 A-2 CHARTER... 5 A-3 MISSION STATEMENT, OBJECTIVES AND VALUES... 9 A-3.1

More information

ISO 9001:2008 Quality Management System Requirements (Third Revision)

ISO 9001:2008 Quality Management System Requirements (Third Revision) ISO 9001:2008 Quality Management System Requirements (Third Revision) Contents Page 1 Scope 1 1.1 General. 1 1.2 Application.. 1 2 Normative references.. 1 3 Terms and definitions. 1 4 Quality management

More information

Coordination and Cooperation between SAIs and Internal Auditors in the Public Sector

Coordination and Cooperation between SAIs and Internal Auditors in the Public Sector INTOSAI GOV 9150 The International Standards of Supreme Audit Institutions, ISSAIs, are issued by the International Organization of Supreme Audit Institutions, INTOSAI. For more information visit www.issai.org

More information

Basel Committee on Banking Supervision. The internal audit function in banks

Basel Committee on Banking Supervision. The internal audit function in banks Basel Committee on Banking Supervision The internal audit function in banks June 2012 This publication is available on the BIS website (www.bis.org). Bank for International Settlements 2012. All rights

More information

Explanation where the company has partially applied or not applied King III principles

Explanation where the company has partially applied or not applied King III principles King Code of Corporate Governance for South Africa, 2009 (King III) checklist The Board of Directors (the Board) of Famous Brands Limited (Famous Brands or the company) is fully committed to business integrity,

More information

Regulatory Compliance Management (RCM) (formerly Legislative Compliance Management (LCM))

Regulatory Compliance Management (RCM) (formerly Legislative Compliance Management (LCM)) Guideline Subject: Category: (RCM) (formerly Legislative Compliance Management (LCM)) Sound Business & Financial Practices No: E-13 Date: November 2014 I. Purpose and Scope of the Guideline The purpose

More information

Effective Internal Audit in the Financial. Services Sector. Non Executive Directors (NEDs) and the Management of Risk

Effective Internal Audit in the Financial. Services Sector. Non Executive Directors (NEDs) and the Management of Risk Consultation document Effective Internal Audit in the Financial A survey of heads of internal audit Services Sector Non Executive Directors (NEDs) and the Management of Risk Draft recommendations to the

More information

Audit Committee Charter

Audit Committee Charter Audit Committee Charter 1. Members. The Audit Committee (the "Committee") shall be composed entirely of independent directors, including an independent chair and at least two other independent directors.

More information

Background. Audit Quality and Public Interest vs. Cost

Background. Audit Quality and Public Interest vs. Cost Basis for Conclusions: ISA 600 (Revised and Redrafted), Special Considerations Audits of Group Financial Statements (Including the Work of Component Auditors) Prepared by the Staff of the International

More information

THE GROUP S CODE OF CORPORATE GOVERNANCE

THE GROUP S CODE OF CORPORATE GOVERNANCE THE GROUP S CODE OF CORPORATE GOVERNANCE REVISED SEPTEMBER 2012 CONTENTS INTRODUCTION..... p. 4 A) RULES OF OPERATION OF UNIPOL GRUPPO FINANZIARIO S.p.A. s MANAGEMENT BODIES....... p. 6 A.1 BOARD OF DIRECTORS....

More information

Table of Contents: Chapter 2 Internal Control

Table of Contents: Chapter 2 Internal Control Table of Contents: Chapter 2 Chapter 2... 2 2.1 Establishing an Effective System... 2 2.1.1 Sample Plan Elements... 5 2.1.2 Limitations of... 7 2.2 Approvals... 7 2.3 PCard... 7 2.4 Payroll... 7 2.5 Reconciliation

More information

INTERNAL AUDIT FRAMEWORK

INTERNAL AUDIT FRAMEWORK INTERNAL AUDIT FRAMEWORK April 2007 Contents 1. Introduction... 3 2. Internal Audit Definition... 4 3. Structure... 5 3.1. Roles, Responsibilities and Accountabilities... 5 3.2. Authority... 11 3.3. Composition...

More information

ANNEX D. GT CAPITAL HOLDINGS, INC. GT Tower International, Ayala Avenue corner H.V. Dela Costa St., Makati City

ANNEX D. GT CAPITAL HOLDINGS, INC. GT Tower International, Ayala Avenue corner H.V. Dela Costa St., Makati City GT CAPITAL HOLDINGS, INC. GT Tower International, Ayala Avenue corner H.V. Dela Costa St., Makati City CORPORATE GOVERNANCE COMMITTEE CHARTER PREAMBLE Corporate Governance is the empowerment of the Board

More information

2012 Audit Plan. Finance, Audit and Facilities Committee Board of Regents. November 2011 ATTACHMENT

2012 Audit Plan. Finance, Audit and Facilities Committee Board of Regents. November 2011 ATTACHMENT 2012 Audit Plan Finance, Audit and Facilities Committee Board of Regents November 2011 ATTACHMENT Table of Contents Executive Summary...1 2012 Audit Plan...2 Analysis of Coverage of University Auditable

More information

Internal Audit Manual

Internal Audit Manual Internal Audit Manual Version 1.0 AUDIT AND EVALUATION SECTOR AUDIT AND ASSURANCE SERVICES BRANCH INDIAN AND NORTHERN AFFAIRS CANADA April 25, 2008 #933907 Acknowledgements The Institute of Internal Auditors

More information

HSBC FINANCE CORPORATION CHARTER OF THE RISK COMMITTEE

HSBC FINANCE CORPORATION CHARTER OF THE RISK COMMITTEE HSBC FINANCE CORPORATION CHARTER OF THE RISK COMMITTEE I. Committee Purpose The Risk Committee is appointed by the Board of Directors of HSBC Finance Corporation (the Corporation ) and is responsible,

More information

Internal Audit Charter. Version 1 (7 November 2013)

Internal Audit Charter. Version 1 (7 November 2013) Version 1 (7 November 2013) CONTENTS Details Page EXECUTIVE SUMMARY... 2 1. BACKGROUND... 3 10. PSIAS REQUIREMENTS... 3 12. DEFINITION OF THE CHIEF AUDIT EXECUTIVE (CAE)... 4 14. DEFINITION OF THE BOARD...

More information

February 2015. Audit committee performance evaluation

February 2015. Audit committee performance evaluation February 2015 Audit committee performance evaluation Audit committee performance evaluation The following questionnaire is based on emerging and leading practices to assist in the self-assessment of an

More information

APPROVED Sberbank Supervisory Board decision Minutes No. dated September 2014. Sberbank Corporate Secretary Regulations

APPROVED Sberbank Supervisory Board decision Minutes No. dated September 2014. Sberbank Corporate Secretary Regulations APPROVED Sberbank Supervisory Board decision Minutes No. dated September 2014 Sberbank Corporate Secretary Regulations Moscow, 2014 1 TABLE OF CONTENTS 1. GENERAL PROVISIONS 2. QUALIFICATION REQUIREMENTS

More information

Command Center, Inc. CORPORATE GOVERNANCE GUIDELINES

Command Center, Inc. CORPORATE GOVERNANCE GUIDELINES Command Center, Inc. CORPORATE GOVERNANCE GUIDELINES These (the Guidelines ) have been adopted by the Board of Directors of Command Center, Inc., to assist the Board and its committees in the exercise

More information

ISO 9001:2015 Internal Audit Checklist

ISO 9001:2015 Internal Audit Checklist Page 1 of 14 Client: Date: Client ID: Auditor Audit Report Key - SAT: Satisfactory; OBS: Observation; NC: Nonconformance; N/A: Not Applicable at this time Clause Requirement Comply Auditor Notes / Evidence

More information

Final Draft Guidance on Audit Committees

Final Draft Guidance on Audit Committees Guidance Corporate Governance April 2016 Final Draft Guidance on Audit Committees The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK

More information

How quality assurance reviews can strengthen the strategic value of internal auditing*

How quality assurance reviews can strengthen the strategic value of internal auditing* How quality assurance reviews can strengthen the strategic value of internal auditing* PwC Advisory Internal Audit Table of Contents Situation Pg. 02 In response to an increased focus on effective governance,

More information

IMMUNOTEC INC. AUDIT AND DISCLOSURE POLICY MANAGEMENT COMMITTEE CHARTER AND WHISTLEBLOWER POLICY

IMMUNOTEC INC. AUDIT AND DISCLOSURE POLICY MANAGEMENT COMMITTEE CHARTER AND WHISTLEBLOWER POLICY IMMUNOTEC INC. AUDIT AND DISCLOSURE POLICY MANAGEMENT COMMITTEE CHARTER AND WHISTLEBLOWER POLICY ORGANIZATION There shall be a committee of the Board of Directors of the Corporation (the Board ) to be

More information

ISO 9001:2000 AUDIT CHECKLIST

ISO 9001:2000 AUDIT CHECKLIST ISO 9001:2000 AUDIT CHECKLIST No. Question Proc. Ref. Comments 4 Quality Management System 4.1 General Requirements 1 Has the organization established, documented, implemented and maintained a quality

More information

ISSAI 1300. Planning an Audit of Financial Statements. Financial Audit Guideline

ISSAI 1300. Planning an Audit of Financial Statements. Financial Audit Guideline The International Standards of Supreme Audit Institutions, ISSAI, are issued by the International Organization of Supreme Audit Institutions, INTOSAI. For more information visit www.issai.org. Financial

More information

Basel Committee on Banking Supervision. Consultative document. The internal audit function in banks

Basel Committee on Banking Supervision. Consultative document. The internal audit function in banks Basel Committee on Banking Supervision Consultative document The internal audit function in banks December 2011 This publication is available on the BIS website (www.bis.org). Bank for International Settlements

More information

Seven Bank, Ltd. Corporate Governance Guidelines

Seven Bank, Ltd. Corporate Governance Guidelines Seven Bank, Ltd. Corporate Governance Guidelines Chapter I General Provisions Article 1 (Purpose) These Guidelines set out the basic views as well as the framework and operation policies of the corporate

More information

In a Search for Regulations on Risk Management, Internal Control and Internal Audit

In a Search for Regulations on Risk Management, Internal Control and Internal Audit In a Search for Regulations on Risk Management, Internal Control and Internal Audit Jacek Socha IAS Conference 17 October 2006 pwc Agenda Background Sarbanes-Oxley Act lessons learnt and benefits EU response

More information

The Institute of Internal Auditors 247 Maitland Avenue Altamonte Springs, FL 32701-4201 USA

The Institute of Internal Auditors 247 Maitland Avenue Altamonte Springs, FL 32701-4201 USA INTERNATIONAL Professional Practices Framework (IPPF) Disclosure Copyright 2009 by The Institute of Internal Auditors Research Foundation (IIARF), 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201.

More information

On-Site Examination Policy for Fiscal 2016. Examination Policy for Fiscal 2016" briefly reviews on-site examinations carried out in

On-Site Examination Policy for Fiscal 2016. Examination Policy for Fiscal 2016 briefly reviews on-site examinations carried out in March 29, 2016 Bank of Japan On-Site Examination Policy for Fiscal 2016 1. On-Site Examination by the Bank of Japan The Bank of Japan (hereinafter, the Bank) formulates the on-site examination policy every

More information

Internal Audit Division

Internal Audit Division Internal Audit Division at the Financial Conduct Authority Information Pack April 2013 Contents of Information Pack A. Introduction B. Internal Audit Terms of Reference C. Organisation D. Skills and Competencies

More information

Pursuant to Article 95, item 3 of the Constitution of Montenegro I hereby pass the ENACTMENT PROCLAIMING THE LAW ON BANKS

Pursuant to Article 95, item 3 of the Constitution of Montenegro I hereby pass the ENACTMENT PROCLAIMING THE LAW ON BANKS Pursuant to Article 95, item 3 of the Constitution of Montenegro I hereby pass the ENACTMENT PROCLAIMING THE LAW ON BANKS I hereby proclaim the Law on Banks, adopted by the Parliament of Montenegro at

More information

Corporate Governance Code for Banks

Corporate Governance Code for Banks Corporate Governance Code for Banks Foreword Further to issuing the Bank Director s Handbook of Corporate Governance in 2004, the Central Bank of Jordan is continuing in its efforts to enhance corporate

More information

Key functions in the system of governance Responsibilities, interfaces and outsourcing under Solvency II

Key functions in the system of governance Responsibilities, interfaces and outsourcing under Solvency II Responsibilities, interfaces and outsourcing under Solvency II Author Lars Moormann Contact solvency solutions@munichre.com January 2013 2013 Münchener Rückversicherungs Gesellschaft Königinstrasse 107,

More information

GUIDANCE PAPER No. 2 ON CORPORATE GOVERNANCE IN INSURANCE COMPANIES

GUIDANCE PAPER No. 2 ON CORPORATE GOVERNANCE IN INSURANCE COMPANIES In order to foster more efficient management and supervision of insurers, in line with the core principles of insurance supervision promoted by the International Association of Insurance Supervisors (IAIS),

More information

CI FINANCIAL CORP. BOARD OF DIRECTORS MANDATE. As of August 4, 2016

CI FINANCIAL CORP. BOARD OF DIRECTORS MANDATE. As of August 4, 2016 CI FINANCIAL CORP. BOARD OF DIRECTORS MANDATE As of August 4, 2016 The Board of Directors of CI Financial Corp. (the Company ) is responsible for the stewardship of the Company and in that regard has the

More information

the role of the head of internal audit in public service organisations 2010

the role of the head of internal audit in public service organisations 2010 the role of the head of internal audit in public service organisations 2010 CIPFA Statement on the role of the Head of Internal Audit in public service organisations The Head of Internal Audit in a public

More information

Notion VTec Berhad (Company No. 637546-D) Board Charter

Notion VTec Berhad (Company No. 637546-D) Board Charter 1. Introduction In achieving the objectives of transparency, accountability and effective performance for Notion VTec Berhad ( Notion or the Company ) and its subsidiaries ( the Group ), the enhancement

More information

CORPORATE GOVERNANCE CODE

CORPORATE GOVERNANCE CODE Contents PART I. THE BOARD OF DIRECTORS AND ITS MEMBERS... 2 PART II. OPERATIONAL RISK MANAGEMENT... 5 PART III. INTERNAL AUDIT FUNCTION... 6 PART IV. INVESTOR RELATIONS... 8 PART V. REMUNERATIONS... 10

More information

Basic Corporate Governance Policy

Basic Corporate Governance Policy Resona Holdings, Inc. Basic Corporate Governance Policy The Basic Corporate Governance Policy clarifies the basic approach to the corporate governance of Resona Holdings, Inc. (hereinafter the Company

More information

GUIDANCE NOTE FOR DEPOSIT-TAKERS. Operational Risk Management. March 2012

GUIDANCE NOTE FOR DEPOSIT-TAKERS. Operational Risk Management. March 2012 GUIDANCE NOTE FOR DEPOSIT-TAKERS Operational Risk Management March 2012 Version 1.0 Contents Page No 1 Introduction 2 2 Overview 3 Operational risk - fundamental principles and governance 3 Fundamental

More information

Control Environment Questionnaire

Control Environment Questionnaire Control Environment Questionnaire Internal Control Questionnaire Question Yes No N/A Remarks INTEGRITY AND ETHICAL VALUES Management must convey the message that integrity and ethical values cannot be

More information

MINNESOTA MUTUAL COMPANIES, INC. Guidelines of the Audit Committee of the Board of Directors

MINNESOTA MUTUAL COMPANIES, INC. Guidelines of the Audit Committee of the Board of Directors MINNESOTA MUTUAL COMPANIES, INC. Guidelines of the Audit Committee of the Board of Directors I. Audit Committee Purpose The Audit Committee is appointed by the Board of Directors to assist the Board in

More information

THE OFFICE OF THE INTERNAL AUDITOR STATUS UPDATE MARCH 11, 2014

THE OFFICE OF THE INTERNAL AUDITOR STATUS UPDATE MARCH 11, 2014 THE OFFICE OF THE INTERNAL AUDITOR STATUS UPDATE MARCH 11, 2014 Since the last Audit Committee meeting, the OIA has focused on finalizing the execution of the 2013 Audit Plan and the development of the

More information

6/8/2016 OVERVIEW. Page 1 of 9

6/8/2016 OVERVIEW. Page 1 of 9 OVERVIEW Attachment Supervisory Guidance for Assessing Risk Management at Supervised Institutions with Total Consolidated Assets Less than $50 Billion [Fotnote1 6/8/2016 Managing risks is fundamental to

More information

2.2 Reviewing the company s internal financial controls and the company s internal control and risk management systems;

2.2 Reviewing the company s internal financial controls and the company s internal control and risk management systems; Beazley plc Audit and Terms of reference Approved by board resolution dated 23 July 2015 1. Objectives To assist the board of directors in fulfilling its oversight responsibilities for the financial reporting

More information

System of Governance

System of Governance CEIOPS-DOC-29/09 CEIOPS Advice for Level 2 Implementing Measures on Solvency II: System of Governance (former Consultation Paper 33) October 2009 CEIOPS e.v. Westhafenplatz 1-60327 Frankfurt Germany Tel.

More information

Tabcorp Holdings Limited

Tabcorp Holdings Limited (ABN 66 063 780 709) Audit, Risk and Compliance Committee Terms of Reference Contents 1 Introduction to the Terms of Reference 1 1.1 General 1 1.2 Board approval 1 1.3 Definitions 1 2 Role of the Committee

More information

Application of King III Corporate Governance Principles

Application of King III Corporate Governance Principles APPLICATION of KING III CORPORATE GOVERNANCE PRINCIPLES 2013 Application of Corporate Governance Principles This table is a useful reference to each of the principles and how, in broad terms, they have

More information

ENVIRONMENTAL, HEALTH & SAFETY MANAGEMENT SYSTEMS MANUAL

ENVIRONMENTAL, HEALTH & SAFETY MANAGEMENT SYSTEMS MANUAL September 7, 202 940. General Requirements (ISO 400 4.; OHSAS 800 4.).. Alcoa Fastening Systems Republic Operations (AFS Republic) has established, documented, implemented, maintains, and continuously

More information

Quality Assurance Checklist

Quality Assurance Checklist Internal Audit Foundations Standards 1000, 1010, 1100, 1110, 1111, 1120, 1130, 1300, 1310, 1320, 1321, 1322, 2000, 2040 There is an Internal Audit Charter in place Internal Audit Charter is in place The

More information

Audit and Risk Committee Charter. 1. Membership of the Committee. 2. Administrative matters

Audit and Risk Committee Charter. 1. Membership of the Committee. 2. Administrative matters Audit and Risk Committee Charter The Audit and Risk Committee (the Committee ) is a Committee of the Board established with the specific powers delegated to it under Clause 8.15 of the Company s Constitution

More information

AUDIT COMMITTEE MANDATE

AUDIT COMMITTEE MANDATE AUDIT COMMITTEE MANDATE I. PURPOSE The Audit Committee (the Committee ) is appointed by the Board of Directors of Encana Corporation ( the Corporation ) to assist the Board in fulfilling its oversight

More information

Supervisory Policy Manual

Supervisory Policy Manual This module should be read in conjunction with the Introduction and with the Glossary, which contains an explanation of abbreviations and other terms used in this Manual. If reading on-line, click on blue

More information

RISK BASED AUDITING: A VALUE ADD PROPOSITION. Participant Guide

RISK BASED AUDITING: A VALUE ADD PROPOSITION. Participant Guide RISK BASED AUDITING: A VALUE ADD PROPOSITION Participant Guide About This Course About This Course Adding Value for Risk-based Auditing Seminar Description In this seminar, we will focus on: The foundation

More information